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Coffee Day initiates steps to free Mindtree shares as stake sale talks progress

Updated : January 29, 2019 06:25 AM IST

The Income Tax department has attached Siddhartha’s and Coffee Day's shares, amounting to 4.5 percent of Mindtree, citing potential claims on an ongoing assessment.
The development comes at a time when Siddhartha, who owns about 21 percent stake in Mindtree through various entities, is said to be in advanced discussions to sell his shares in the IT firm.
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